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CU System
MDDCCUA testifies for Baltimore fin-lit resolution
BALTIMORE (7/30/09)--The Maryland and District of Columbia Credit Union Association (MDDCCUA) was among those testifying on behalf of a financial literacy resolution, which passed unanimously, at a Baltimore City Council education subcommittee hearing July 23. The resolution, introduced by Councilwoman Helen Holton and co-sponsored by 11 of the 13 members of the council, requests the new Board of School Commissioners and the CEO of Baltimore City Schools to examine the feasibility of requiring students to pass a course in financial literacy before they can graduate (FOCUS Newsletter July 27). Seven counties in Maryland already have financial literacy requirements. During his testimony, Brian Tate, MDDCCUA's vice president of legislative affairs, encouraged the council to approve it unanimously. Other supporters attending included Dorothea Stierhoff, senior public affairs specialist from MECU; Dr. Alan Cox and Mary Ann Hewitt from the Maryland Coalition of Financial Literacy; and Chris Dipetro of the Mid-Atlantic Financial Services Association. MDDCCUA is a member of the coalition and MDDCCUA CEO Mike Beall is a member of the coalition's Executive Committee. Members of the coalition include several credit union representatives. Among them, Stierhoff; Rob Windsor, CEO of First Financial FCU; Richard Webb, CEO, Atlantic Financial FCU; and Kalimah Mathews, business development manager, Signal Financial FCU. The next step will be to present the resolution before the City Council. MDDCCUA said it will continue monitoring its progress.
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